What is FIRM risk scorecard
What do you mean by the term FIRM risk scorecard? Briefly describe it.
Expert
The FIRM Risk Scorecard recommended by the Hopkin is basically a strategic risk assessment tool. It offers a framework for systematic identification of risks to an organization. In specific the technique focuses on the timescale of the consequence of risk, character of the risk’s impact on organization and associates this to the risk exposure and on the whole risk capacity of the business. By doing this scorecard highlights the complicated and interdependent nature of risk in businesses and the consequence which it can have over the entire organization. The methodology does this by considering the risk in the following categorizations: Financial, Infrastructure, Reputation and Marketplace (or FIRM). The technique considers risk as external (or reputation and market-place) and internal (that is, financial and infrastructure). This permits a cross disciplinary mix or quantitative and qualitative factors to be considered whenever assessing the risk of organization faces.
Explain about the Key Concept of diversifying in related businesses.
Briefly define the term behavior?
important for organizations in India to search for hybrid, improvised models of management?
What do you understand by the term budget?
Briefly describe the abilities and concepts of Business Intelligence.
What are results that can be expected from the Telemarketing? Briefly illustrate it.
What are the aspects in managing the strategy-execution process involved?
Illustrates the core concept of Crafting a Strategy?
Why is strategy execution for tying rewards and incentives important?
Illustrate the main difference between the marketing and advertising?
18,76,764
1960475 Asked
3,689
Active Tutors
1415278
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!